This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $118k initial cash invested.
-6.53%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$3,836
Rent
-$644
Cashflow
Cash Flow
$3,836 income − $4,480 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,620
Closing costs
1%
$4,781
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,480
Mortgage P&I
68%
$2,603
Property Taxes
10%
$390
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422